Legislation introduced by Sens. Cortez Masto (D-NV) and Young (R-IN), and Reps. McClain (R-MI) and Liccardo (D-CA), would make permanent the tax-exempt treatment of community development bonds that are credit-enhanced by Federal Home Loan Bank (FHLBank) letters of credit (LOCs. This bipartisan legislation would strengthen access to affordable funding for local infrastructure projects and further the vital role the FHLBanks play in channeling private capital through their members to support community investment. Click here to learn more: FHLBank Issue Brief – The Municipal Investment and Neighborhood Transformation Act
